MSDE Revamps Model Skill Loan Scheme, Raises Limit to Rs 7.5 Lakh.

National

The Ministry of Skill Development and Entrepreneurship (MSDE) has revamped the Model Skill Loan Scheme to enhance accessibility and support for skill development. The revised scheme now raises the loan limit to Rs 7.5 lakh, up from the previous limit, making it more feasible for individuals seeking financial assistance for vocational training and skill enhancement. This change aims to facilitate greater access to quality skill training programs and support the government’s efforts to improve employability. The updated scheme is expected to benefit a larger number of candidates by providing more substantial financial support for their skill development needs.


      The increased loan limit will cover more comprehensive skill training programs and related expenses.

      The revamped scheme supports the government's goal of enhancing vocational skills and reducing unemployment rates.

     

 

     


About MSDE,

Founded: 2014
Minister : Jayant Chaudhary
          ____________________________